Bright Trading

KennyBanya · #1 12-21-2005, 06:24 PM

Anyone have any knowledge or experience with Bright Trading?

Good place for beginning stock trader to start?

Thanks,

KennyBanya

Timer · #2 12-24-2005, 01:25 PM

I talked with Don? Bright a few years back, and he was kind of a dick. I think, but I'm not positive that Chris Ferguson was with Bright for a while.

Back then you put up 25K and he put up the millions necessary for you to trade 1000 share lots of any stock. You never touch his money, because if you lose your stake, you're out.

If you're a beginner, I would try something else first. Most people bust out I'm afraid. It's not as easy as it looks.

jumpthru · #3 12-26-2005, 04:00 AM

Can someone explain further what exactly bright trading is?

What do you mean its not as easy as it looks? Whats the proposition?

KennyBanya · #4 01-05-2006, 04:58 PM

Bright Trading is a stock trading firm in Las Vegas.
They train people to trade and allow them to trade on margin through their exchange seat.

This is in exchange for a monthly fee as well as per share traded charge. The traders keep all the remaining profits.

I am considering getting involved with Bright, and I was hoping someone on this forum had some experience with Bright.

Peace,

KennyBanya

BondTrader · #5 01-05-2006, 07:16 PM

You can find out more about him at elitetrader.com he posts there frequently, good trading forum as well. Here is one of his journals http://www.elitetrader.com/vb/showth...threadid=61328

From what Ive read he is a good teacher, the thing is as with alot of these type of firms is that they tend to ask alot in return. If you are thinking about trading a couple of questions that you must ask during the interview are: 1) What is the retention rate? What percentage of your traders are profitable after 1 year? Bright's firm requires money I believe, there are other firms which do not you may want to look into those as well but be very careful.